US Dollar Index Technical Analysis: The 200-day SMA at 96.05 underpins the constructive bias

• The greenback stays under pressure and remains vulnerable to further downside in the near term.
• Immediate target to the downside emerges at the 96.66/59 band, where emerge the 55-day and 100-day SMAs.
• In spite of the ongoing corrective decline, the positive stance on DXY remains underpinned by the critical 200-day SMA, today at 96.05.

DXY daily chart